The total debt from all loans should not exceed 36 percent of the gross monthly salary.
<h3>What do you mean by Loan?</h3>
A loan refers to the money provided to another party in exchange for the repayment of the principal amount including interest.
The total debt from all loans should not exceed about 36 percent of the gross monthly salary.
Therefore, the total debt from all loans should not exceed 36 percent of the gross monthly salary.
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<span>Price elasticity of demand is
-1.25 = Ed</span>
Price elasticity of supply =
Es
Share of tax by consumers =
0.80 = Es / (Ed + Es) = Es / Es + 1.25
0.8 Es + 1 = Es
1 / 0.2 = Es = 5
Therefore, the price elasticity of supply is 5
<span> </span>
Answer:
Explanation:
a person's regular occupation, profession, or trade which he/she is doing regularly in his/her daily life.
So you know how to get the most profit from sales
Answer:
Contribution margin ratio= 0.7
Explanation:
Giving the following information:
Total
Sales $168,000
Variable expenses 50,400
<u>To calculate the contribution margin ratio, we need to use the following formula:</u>
Contribution margin ratio= (sales - total variable cost) / sales
Contribution margin ratio= (168,000 - 50,400) / 168,000
Contribution margin ratio= 0.7